Oz Blog News Commentary

Articles from MacroBusiness

Macro Morning

March 1, 2024 - 09:00 -- Admin

The latest US core inflation print came in slightly lower than expected and combined with some dovish Fed comments gave Wall Street a leg up which should push the equity complex higher here in Asia to finish the trading week on a good note. The USD rose eventually amid some volatility around the print while

Iron ore downgraded

March 1, 2024 - 08:00 -- Admin

Rebar and SGX futures cannot catch a bid: Early next week is the “Two Sessions” in Beijing with markets expecting a 5%ish growth target. It will need to pack more punches than just that number to lift iron ore. Assuming a 2024 CPI and GDP deflator of a marginally improved -1%, 4% real growth with

Australian rental growth re-accelerates

March 1, 2024 - 00:05 -- Admin

CoreLogic reported that Australian rental growth re-accelerated in February, with the monthly rate of change rising to 0.9%, the highest reading since March last year. This re-acceleration also saw the rolling quarterly change in rents rise to 2.4%, the highest since May last year. As shown above, Perth leads rental growth across both houses and